Latest news with #TexasCriticalDataCenters
Business Wire
17 hours ago
- Business
- Business Wire
New Era Helium Rebrands as New Era Energy & Digital, Inc. to Reflect Strategic Focus on Powering Next-Generation AI Data Center Infrastructure; Trading to Begin Under New Nasdaq Ticker NUAI
MIDLAND, Texas--(BUSINESS WIRE)--New Era Helium, Inc. (Nasdaq: NEHC) ('NEHC' or the 'Company'), a next-generation energy exploration and production platform in the Permian Basin, today announced it has changed its corporate name to New Era Energy & Digital, Inc., and will begin trading under its new Nasdaq symbol NUAI, effective August 13, 2025. This rebrand reflects the Company's recent strategic transformation into a vertically integrated energy supplier, creating a platform for next-generation digital infrastructure and integrated power assets, including powered land and powered shells. The Company delivers turnkey solutions that will enable hyperscale, enterprise, and edge operators to accelerate data center deployment, optimize total cost of ownership and future-proof their infrastructure investments. New Era Energy & Digital, Inc. (Nasdaq: NUAI), projects generational AI infrastructure demand will grow exponentially over the next decade, driven by rising capacity and significant increases in sector investment. The Company remains under the same leadership team and continues to execute the strategy it introduced with its Texas Critical Data Centers ('TCDC') project focused on integrating behind-the-meter power (off-grid) and real estate ('Powered Land'), and digital infrastructure tailored for the rapidly expanding AI compute market. Texas Critical Data Centers, currently under development in Ector County, Texas is a scalable, up to 1 gigawatt (GW) AI and high-performance computing (HPC) campus designed to meet accelerating demand for compute capacity and clean energy. Located in one of North America's leading AI corridors, TCDC will deliver liquid-cooled, high-efficiency compute infrastructure with speed, resilience, and sustainability. In line with its strategic focus on power and compute infrastructure, the Company is in discussions with various parties on how best to maximize its natural gas and helium assets. The Company remains committed to the global AI ecosystem, where helium continues to play a crucial role in semiconductor manufacturing and the future growth of AI. The Company will seek to maximize shareholder value of its natural gas and helium assets while pivoting to AI infrastructure development efforts. Updates will be provided as developments occur. An updated website featuring new branding and messaging, along with a revised investor presentation, will be available shortly. E. Will Gray II, CEO of New Era Helium, Inc. commented: 'This name change marks the next chapter. It's a clear signal of who we are and where we're headed. We are the bridge between Silicon Valley and Houston, connecting the compute demands of tomorrow with the energy systems of today, for a shared digital future. With a growing base of vertically integrated assets, from powered land to powered shells, we bring deep infrastructure and energy expertise to help hyperscale, enterprise, and edge operators deploy future-ready HPC campuses faster. Our new name: New Era Energy & Digital, perfectly captures the full breadth of our expanded strategic vision: delivering the physical foundation that powers American innovation.' About New Era Helium, Inc. New Era Helium, Inc. (Nasdaq: NEHC) which will rebrand as New Era Energy & Digital, Inc. (Nasdaq: NUAI) effective August 13, 2025, is a next-generation platform delivering integrated solutions across energy, power, and digital infrastructure. The Company controls over 137,000 acres in Southeastern New Mexico with helium and natural gas reserves. Through its joint venture, Texas Critical Data Centers (TCDC, New Era is advancing a scalable, up to 1GW AI and high-performance computing (HPC) campus to meet surging demand for compute capacity and energy-efficient infrastructure. For more information, visit and follow on LinkedIn and X. Cautionary Note Regarding Forward-Looking Statements This press release contains 'forward-looking statements.' Forward-looking statements reflect the current view about future events. When used in this press release, the words 'anticipate,' 'believe,' 'estimate,' 'expect,' 'future,' 'intend,' 'plan' or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation: (a) our ability to effectively operate our business segments; (b) our ability to manage our research, development, expansion, growth and operating expenses; (c) our ability to evaluate and measure our business, prospects and performance metrics; (d) our ability to compete, directly and indirectly, and succeed in a highly competitive and evolving industry; (e) our ability to respond and adapt to changes in technology and customer behavior; (f) our ability to protect our intellectual property and to develop, maintain and enhance a strong brand; and (g) other factors (including the risks contained in the 'Risk Factors' section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.
Business Wire
29-07-2025
- Business
- Business Wire
New Era Helium's JV Closes on 235-Acre AI Data Center Site in Permian Basin, With Option to Expand to 438 Acres in Total as Buildout Accelerates
MIDLAND, Texas--(BUSINESS WIRE)--New Era Helium, Inc. (Nasdaq: NEHC) ('NEH' or the 'Company'), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers LLC ('TCDC'), its 50/50 joint venture with Sharon AI, Inc., has closed on the acquisition of 235 acres from Grow Odessa. The acreage is located in Ector County, Texas and is in close proximity to the City of Odessa. TCDC is developing a large artificial intelligence (AI) and high-performance computing (HPC) campus designed to scale beyond 1 GW to meet the surging demand for AI and GPU infrastructure. The facility will integrate advanced energy, cooling, and the potential for CCUS technologies to reduce environmental impact and deliver best-in-class efficiency. Expansion Opportunity TCDC has also signed an exclusive letter of intent (LOI) with Grow Odessa for an additional 203 contiguous acres, expanding the site to 438 acres. The site is strategically located near key infrastructure, including fiber optic cable, multiple large intrastate natural gas transmission lines, and CO₂ pipeline infrastructure. To support the buildout, TCDC will now apply to form an Industrial District with the City of Odessa to facilitate access to municipal services such as water and wastewater treatment. The acreage currently resides within Ector County but just outside the Odessa city limits. Forming the Industrial District will enable TCDC to maintain favorable Ector County zoning regulations rather than adopt City of Odessa zoning—an important advantage for development speed and flexibility. E. Will Gray II, CEO of New Era Helium, Inc. commented: 'Closing on this site marks a key milestone in our strategy to align Permian Basin energy assets with the explosive growth in AI and HPC demand. It advances our long-term vision to transform these resources into critical digital infrastructure, creating a high-impact, future-ready platform that will deliver scalable growth and meaningful value for shareholders.' About New Era Helium, Inc. New Era Helium, Inc. is a next-gen exploration and production platform unlocking the full value of its Permian Basin assets. The Company controls over 137,000 acres in Southeast New Mexico, with more than 1.5 Bcf of proved and probable helium reserves sourced alongside natural gas production. Through its joint venture, Texas Critical Data Centers, LLC, NEHC is capturing multi-sector growth across helium, power, and data infrastructure. For more information, visit Follow New Era Helium on LinkedIn and X. About Texas Critical Data Centers (TCDC) Texas Critical Data Centers (TCDC) is a 50/50 joint venture between New Era Helium, Inc. and Sharon AI, Inc., established in 2024 to develop next-generation AI and high-performance computing (HPC) infrastructure in the Permian Basin. TCDC's flagship project is a 250MW data center campus in Ector County, Texas, purpose-built to meet surging demand for AI and cloud GPU workloads. The site will feature advanced natural gas power generation, liquid cooling systems, and the potential for carbon capture integration, delivering scalable, energy-efficient compute capacity. For more information, visit Cautionary Note Regarding Forward-Looking Statements This press release contains 'forward-looking statements.' Forward-looking statements reflect the current view about future events. When used in this press release, the words 'anticipate,' 'believe,' 'estimate,' 'expect,' 'future,' 'intend,' 'plan' or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation: (a) our ability to effectively operate our business segments; (b) our ability to manage our research, development, expansion, growth and operating expenses; (c) our ability to evaluate and measure our business, prospects and performance metrics; (d) our ability to compete, directly and indirectly, and succeed in a highly competitive and evolving industry; (e) our ability to respond and adapt to changes in technology and customer behavior; (f) our ability to protect our intellectual property and to develop, maintain and enhance a strong brand; and (g) other factors (including the risks contained in the 'Risk Factors' section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.
Yahoo
15-03-2025
- Business
- Yahoo
Data center could be coming soon
Mar. 14—Things are moving forward with a data center that would be located near Penwell in west Ector County. New Era Helium Inc., an exploration and production company sourcing helium from natural gas reserves in the Permian Basin, and its joint venture partner, Sharon AI, Inc., a computing business focused on Artificial Intelligence, Cloud GPU Compute Infrastructure and Data Storage, announced in February that their joint venture, Texas Critical Data Centers, LLC, has signed a Letter of Intent to acquire 200 acres in Ector County for the development of a 250 MW net-zero energy AI/HPC (high-performance computing) data center. The acquisition of the large-scale, 200-acre site is contingent on completion of due diligence and negotiation of definitive documents expected within the next 90 days, a Feb. 27 news release stated. This site is one of several identified by the joint venture and is located near key infrastructure, including fiber optic cable, two natural gas transmission lines, and CO₂ pipeline infrastructure. The intended utilization of CCUS and energy transition technologies makes it an attractive location for developing scalable, energy-efficient AI/HPC infrastructure. Tom Manskey, director of economic development at the Odessa Chamber of Commerce, said the center would be in the vicinity of where Nacero, Summit and FutureGen would have been had any of those projects been Critical Data Centers, LLC, Manskey said this project looks more promising. He said Nacero was certainly a promising project, but they got hit with COVID, supply chain and inflation. "You can never be totally certain that a project this size will come to fruition, but certainly we're going to do everything we can to help them," Manskey said. He does anticipate Texas Critical Data Centers, the joint venture, making an application to the Odessa Development Corporation, but nothing has occurred yet. They have only signed a letter of intent with the landowner, GROW Odessa. GROW Odessa is an an economic development corporation formed in 1966 to help businesses with expansion and to attract new compatible industry to Odessa. Manskey said the joint venture reached out to the chamber early on and inquired about the property. "They explained what they were doing with regards to how to develop a data center out here and they felt like Ector County was an ideal location. The longer we've worked with them, the more we think that, one, this development will happen, and two, it probably won't be the last one," Manskey said. He added that technology is improving with regard to water use by data centers. The water is mainly used to keep the facilities cool because of all the servers. "Now you're finding better technology with closed loop processes ... where you're basically having to replenish the water that's evaporated. You're not cycling through new water all the time, so as some water evaporates you're replacing that. That's really reducing their water use at least the groups that we're talking to right now with regard to data centers. Water usage has dropped significantly," Manskey said. He added that there are lot of power generation options out here. One of the things data centers are looking for is redundancy with regard to power generation. "They don't want to go down for obvious reasons, so if one mode of power generation goes down they want to have another one ready to click on," Manskey said. they have not started working just doing a Since the joint venture got interested in Ector County, Manskey said three other data centers have expressed interest in this area, especially once building starts. "We've got a lot of wide-open spaces out here. Comparatively speaking to your urban areas, land is less expensive. It's not as cheap as it used to be, but it's still when you're looking at trying to put a center in the Austin metro, DFW or Houston (area), typically you're going to pay more," Manskey said. He added that they are not huge employers. The companies they are talking to now average anywhere from 35 to 75 employees. The payroll average is over $100,000 a year. "You work in a nice air-conditioned environment, as opposed to being out in the oilfield in August, so even if the pay doesn't match dollar for dollar there will be people that say hey I'd rather work in this air conditioning," Manskey said. The companies they have been talking to have discussed partnering with Odessa College and University of Texas Permian Basin to train workers. "What we're hearing is the skill sets match up pretty well with (the) oilfield ... the automation and things of that nature," Manskey said. Texas Critical Data Centers LLC want to be operational, at least partially by late 2026, he said. "I will tell you in 30 years of doing economic development, this is the busiest I've ever seen it; not even close. It's been since the beginning of the year. People are starting to move on larger scale projects. We're trying to do everything we can to land everything that we're talking to. You never really do, but you don't want to lose them all either," Manskey said. "I'm working on the assumption that it's going to happen. We're going to do everything we can to make it happen. Once something like that happens, it's a major capital investment in the county. They're putting like a 40-year lifetime on the facility," he added. Data centers "house servers that provide computing power and the fans and cooling units needed to keep the equipment from overheating" operate 24 hours a day, according to the Texas Tribune. "We're careful when we talk to these companies. We're not eagerly recruiting crypto ... At least currently as we've seen them constructed, they tend to be less permanent. They can go away in the night so we're talking to what they've indicated to us is true data centers who have customers like the big oilfield companies out here or Google or Meta," he said. Manskey said he doesn't know when the data center will be official here, but the company has agreements in principle and they've discussed customers with the economic development team. In his opinion, based on his experience, Manskey said he believes this project will happen. "There's three behind it. We're in the stages of trying to get them to that same level of confidence. We've got to do some things out there in west Ector County with regards to access to the sites. These things are in place already as far as work being done towards getting access," Manskey said. According to a New Eara Helium and Sharon AI news release, GROW Odessa has a successful track record of attracting new business opportunities to Ector County and will work with Texas Critical Data Centers as a first mover to initiate a behind the meter Data Center Campus with an intended pathway to Net Zero Energy. Ector County is expected to be well suited for net zero power due to existing CO2 infrastructure and its ability to facilitate Carbon Capture Utilization Storage via enhanced oil recovery, a news release stated.
